Open Works Inc
- Assets
- $1.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 35
- Location
- Baltimore, MD
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-5535634
Organization Overview
Open Works Inc is located in Baltimore, MD. The organization was established in 2016. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Open Works Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Works Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REVITALIZE ECONOMICALLY DEPRESSED COMMUNITIES IN BALTIMORE THROUGH ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, SKILLS DEVELOPMENT IN PRODUCT DESIGN AND FABRICATION, ENTREPRENEURSHIP TRAINING, AND INCUBATION OF SMALL BUSINESS START-UPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN WORKS PROVIDES AFFORDABLE ACCESS TO TOOLS, TECHNOLOGIES AND THE KNOWLEDGE TO USE THEM TO INDIVIDUALS, SMALL BUSINESS START-UPS, AND OTHER ORGANIZATIONS IN THE BALTIMORE AREA. ACCESS TO SPECIALIZED TOOLS AND EQUIPMENT IS PROVIDED THROUGH MONTHLY MEMBERSHIPS AND INDIVIDUALLY PURCHASED DAY-PASSES. FABRICATION SKILLS ARE DEVELOPED THROUGH EDUCATIONAL CLASSES AND SPECIALIZED WORKFORCE PROGRAMS. LEASED OFFICE AND PRODUCT DESIGN WORK AREAS PROVIDE AFFORDABLE FACILITIES FOR START-UP BUSINESSES. PART-TIME EMPLOYMENT AND INTERNSHIPS PREPARE INDIVIDUALS FOR FUTURE EMPLOYMENT IN ADVANCED FABRICATION BUSINESSES.
OPEN WORKS PROVIDES AFFORDABLE ACCESS TO TOOLS, TECHNOLOGIES AND THE KNOWLEDGE TO USE THEM TO INDIVIDUALS, SMALL BUSINESS START-UPS, AND OTHER ORGANIZATIONS IN THE BALTIMORE AREA. ACCESS TO SPECIALIZED TOOLS AND EQUIPMENT IS PROVIDED THROUGH MONTHLY MEMBERSHIPS AND INDIVIDUALLY PURCHASED DAY-PASSES. FABRICATION SKILLS ARE DEVELOPED THROUGH EDUCATIONAL CLASSES AND SPECIALIZED WORKFORCE PROGRAMS. LEASED OFFICE AND PRODUCT DESIGN WORK AREAS PROVIDE AFFORDABLE FACILITIES FOR START-UP BUSINESSES. PART-TIME EMPLOYMENT AND INTERNSHIPS PREPARE INDIVIDUALS FOR FUTURE EMPLOYMENT IN ADVANCED FABRICATION BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Chin Director | OfficerTrustee | 1 | $0 |
Pamela W Gray Treasurer | OfficerTrustee | 1 | $0 |
Neil Didriksen Chair Emerit | OfficerTrustee | 1 | $0 |
Jeffrey Fuchs Director | Trustee | 1 | $0 |
Linda Gilmore Chair | OfficerTrustee | 1 | $0 |
Danielle Laurenceau-Gooden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $284,563 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,336,212 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,620,775 |
| Total Program Service Revenue | $858,400 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,505,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $934,637 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,956 |
| Payroll taxes | $74,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,365 |
| Advertising and promotion | $54,807 |
| Office expenses | $120,145 |
| Information technology | $28,839 |
| Royalties | $0 |
| Occupancy | $327,510 |
| Travel | $15,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,256 |
| Insurance | $2,628 |
| All other expenses | $0 |
| Total functional expenses | $2,230,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,454 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $353,260 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,026 |
| Prepaid expenses and deferred charges | $4,936 |
| Net Land, buildings, and equipment | $224,455 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,041,131 |
| Accounts payable and accrued expenses | $68,875 |
| Grants payable | $0 |
| Deferred revenue | $23,112 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $91,510 |
| Total liabilities | $183,497 |
| Net assets without donor restrictions | $683,356 |
| Net assets with donor restrictions | $174,278 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,041,131 |